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  • A shareholder in BAE Systems has filed a lawsuit against the British defense company's board and other individuals which seeks damages stemming from past arms deals with Saudi Arabia.

  • Commerzbank could end up with a bigger loss from investments related to U.S. subprime mortgages than it had first expected, Chief Executive Klaus-Peter Mueller said on Thursday.

  • HSBC is not considering acquisitions in Japan and will instead focus on growth by itself as it rolls out retail banking in the world's second-largest economy, HSBC Chairman Stephen Green said on Thursday.

  • Apple

    Spanish-owned O2 U.K. and mobile phone retailer Carphone Warehouse have clinched a long- awaited deal to bring Apple Inc's coveted iPhone handsets to Britain.

  • There is a "one-in-10 chance" of a 1990s-style U.K. housing market crash, the Royal Institution of Chartered Surveyors (RICS) said on Tuesday, after scaling back its expectations for British house price inflation.

  • Fall 2007 Fashion

    Grace Kelly and Jackie O are the two women Tommy Hilfiger sent down the runway yesterday. The collection of trench coats, silk knit dresses, tuxedo shirts and sport jackets referenced a glamorous 1950s-era wardrobe. Hilfiger said that his goal is to stay all-American in the sensibilities of the clothing but sell that polished American sportswear to a global market.

  • European stocks closed down, with the banking sector the worst hit after shares of battered U.K. mortgage lender Northern Rock sank further.

  • The euro zone's trade surplus was smaller than expected in July, unadjusted data showed on Monday, but exports continued to grow more quickly than imports.

  • Irish building materials firm CRH is in talks with Cemex to buy U.S. and European assets worth up to $4.5 billion from the Mexican cement maker, the companies said on Monday.

  • EU finance ministers gave the European Central Bank a thumbs-up on Friday for its efforts to combat a global credit crunch and said they hoped the damage to economic growth from market turmoil would be limited.

  • Several issues weighing on the markets today. Liquidity issues again coming to the fore, this time in the U.K. 1) Northern Rock, the 4th largest mortgage company in the UK, has sought emergency funding from the Bank of England because it won't be able to roll over obligations that are coming due over the next few weeks.

  • speed_limit_65.jpg

    Well, I asked and you told me. Yes, some of you do think I was reckless to drive a Lamborghini 150 mph while in Italy. However, others told me it's hard not to air out a lambo when you get the chance, so don't worry about it.

  • Inflation in the 13 euro nations was 1.7% in August, the European Union's statistical agency said Friday, lowering its earlier estimate of 1.8%.

  • European shares are seen opening lower on Friday, paring the previous session's gains, on worries over financing for banks, while markets also focus on U.S. retail sales data for signs of a slowdown in the U.S. economy.

  • Lamborghini Reventon

    How's this for exclusive? Lamborghini unveils its newest model today in Frankfurt, Germany with a pricetag of $1.38 million. And here's the best part: Lamborghini has already sold out ALL 20 of its new million dollar ride.

  • The markets found few immediate take aways in the comments of Fed Chairman Ben Bernanke today which largely focused on the current account deficit and the global savings glut. But if you wanted to hear the thoughts of a top central banker on the state of the economy...

  • European corporates' mostly solid balance sheets should help them withstand the credit market turmoil, but "junk" bond defaults are set to rise owing to higher borrowing costs, Moody's Investors Service said.

  • European stocks tumbled Friday following weaker-than-expected U.S. jobs data and renewed fears of a recession in the world's biggest economy.

  • European stocks fell on Wednesday after U.S. pending home sales data came in lower than expected and with investors cautious ahead of rate-setting meetings by the European Central Bank and the Bank of England on Thursday.

  • European stocks closed higher after a lackluster start of the session, rallying in the afternoon after U.S. economic data eased fears of a recession.